US EditionIntel AI leader named CEO of Nokia
- Pekka Lundmark has stepped down as CEO of Nokia, and Justin Hotard will succeed him starting April 1, stationed at Nokia's HQ in Espoo.
- Lundmark has served as President and CEO of Nokia since 2020 and will act as an advisor to Hotard until the end of this year.
- Hotard expressed excitement about his new role, stating it is an 'honour' to be appointed CEO and he looks forward to Nokia's transformation journey.
- Lundmark mentioned he is moving on to pursue a different career direction, aiming to work in a capacity such as a board professional.
58 Articles
58 Articles
Nokia picks Intel's AI and data center leader Justin Hotard as new CEO
Finnish telecoms company Nokia on Monday said Pekka Lundmark would step down as CEO, and that it has appointed Justin Hotard to take over his role.Hotard, who will take up the position on April 1, is currently the executive vice president and general manager of Data Center & AI Group at Intel, according to the chipmaker's website.Telecom gear makers, struggling with lower sales of 5G equipment, have been looking for ways to diversify their marke…
Nokia reaffirms interest in data centres, artificial intelligence with leadership transition
NOKIA has taken a step toward the lucrative data centre and artificial intelligence business with a leadership transition announced on Monday. The Finnish network equipment maker announced yesterday the duties of the chief executive will be handed over to Justin Hotard, the director of data centres and artificial intelligence at Intel, on 1 April.
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